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20120928
20121006
Search Results 0 to 24 of about 25 (some duplicates have been removed)
romney are back on the campaign trail, but still debating taxes. >> susie: i'm susie gharib. the feds launch one of the largest crackdowns on medicare fraud. $430 million in scams leads to arrests from coast to coast. >> tom: and we'll introduce you to a company hoping to become the mcdonald's for healthy eaters. >> susie: that and more tonight on nbr! >> tom: it was right back to the campaign trail today for president obama and mitt romney. the president went on the attack after what's been perceived as a lackluster debate performance. and the president accused governor romney of not telling americans the truth about what president obama calls romney's $5 trillion tax plan. darren gersh, tonight, looks at what the real impact of the romney tax plan could be on the american economy. >> reporter: here's where the president gets that $5 trillion number he used again today. governor romney's plan to cut tax rates by 20% would add up to about $5 trillion over ten years, assuming no other changes. but governor romney is planning to make other changes by eliminating tax deductions worth abo
&p; it's up about a point. >> reporter: i'm darren gersh. still ahead, both mitt romney and barack obama want to put more americans back to work. but is job training the right answer? we'll take a look. >> tomsix months before e credit crunch hit full force, j.p. morgan bought failing investment bank bear stearns. that was in 2007. now, j.p. morgan faces a lawsuit, claiming it inherited massive fraud on the part of the company it purchased. the civil lawsuit alleges systemic fraud with the packaging and sale of mortgage- backed securities by bear stearns before it was taken over by j.p. morgan. the bank says it intends to fight the case. eric schneiderman is the attorney general of new york. >> eric, you represent the people of new york state. what did your citizens lose in the deals thaw are accused of being fraudulent? >> new yorkers, like people all over the united states bought shares in mortgage backed securities, pension funds invested in them. people bought homes baseed on what they thought was the realistic value of the housing market. we've learned that the housing bubble, sxlt
. >> susie: you know, tonight obviously in the debate president obama and governor romney will be talking about the job market do. you expect them to give any kind of plan to jolt the labor market and to get that unemployment rate down drastically? >> i think both candidates are likely to be somewhat vague in their discussion of proposals to great jobs. if i were asking the question, i think the one that i with like to hear answered most would be, what are you going to do about the approaching fiscal cliff if we go over the fiscal cliff, if we plunge over the highest bluff along the fiscal cliff, it's very likely the economy will fall into recession and the unemployment rate instead of being 8 at the end of next year will be above 9. so the first thing that any elected official needs to do in 2013 is prevent job losses by doing something about the fiscal cliff. >> susie: are you predicting a recession? >> no, we're not. we do think that in a crisis environment at the 11th hour, some sort of arrangement will be made that will delay the fiscal contraction that's on the books now. so that th
standpoint if romney gets elected he takes over in january the bush tax cuts they're dead. so, now we jushave to build that into our model and say that's not going to change. so if obama gets elected they stay in. if romeny gets elected which he won't then he can't necessarily change it so let's just build that those tax cuts are gonna expire at the end of the year period. the one thing that i can tell you that is very troublesome to me as i look at prices, as i look across as i look at hog prices priced for next summer, i look at cattle prices, i look at grain prices and that is that why is it that we ignore the food and energy component of cpi? so, i could be ben bernanke's speech writer because he says the same thing every time he goes in front of the senate is we don't see any particular problem with inflation. really, we don't corn prices just nearly double in three months. so, how is it there is no inflation? >> reporter: do you get any sense that the ethanol mandate is going to change under either administration under obama or if romney would get elected? >> well is sure seems like the
president obama and governor romney visited virginia. >> reporter: the jobs report took away one of governor romney's signature stump speech about how long the unemployment rate has been above eight percent. >> the reason its come down this year is because more and more people have just stopped looking for work. >> tom: today's report actually showed people returned to the labor force in september. it's the first time since last october the unemployment rate fell while more people entered in the workforce. >> but today's news certainly is not an excuse to try to talk down the economy and score a few political points. it's a reminder that this country has come too far to turn back now. >> tom: only one more monthly job report remains before election day. and with such high stakes, former general electric c.e.o. jack welch stirred up controversy with this comment on twitter, accusing president obama's re-election campaign of essentially manipulating the report. - quote - unbelievable jobs numbers...these chicago guys will do anything..-end quote. the bureau of labor statistics is where the dat
Search Results 0 to 24 of about 25 (some duplicates have been removed)